Mauritius Bankers Association (MBA)Mauritius Bankers Association (MBA)Mauritius Bankers Association (MBA)

Research papers

Mauritius IFC webinar

On 25 November 2021, the CEO of the MBA, Mr. Daniel Essoo, moderated a webinar on “Mauritius, an emerging International Financial Centre of Resilience, substance and excellence”, along with panellists Messrs. Alain Law Min, Gary Gowrea, Assad Abdullatif & Sridhar Nagarajan. During the webinar, panellists commented on the financial sector’s…
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LIBOR Transition

As the international deadline for London Inter-Bank Offered Rate (LIBOR) transition approaches (31 December 2021), the MBA and its member banks met virtually on 23 November 2021 to discuss and exchange views on key aspects of the transition. Latest developments were underscored as well as the rates being adopted as…
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Guideline on Private Banking Business

The MBA and member banks participated in a constructive working session with the Bank of Mauritius on the revised Guideline of Private Banking, on 22 November 2021. The Bank of Mauritius provided responses and clarifications to comments submitted by the MBA and member banks on the draft guideline, which is…
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Digital Currency Global Initiative

On 19 November and 23 November 2021, the MBA and its members banks participated in two webinars on digital currency, organised by the International Telecommunications Union (ITU). The main objectives of these webinars were to showcase digital currency pilot implementations and innovations taking place at the global level. The MBA…
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Future of Banking

The MBA is actively involved in the joint BOM-MBA Future of Banking initiative, where international consultants are currently helping the industry to define a pathway for the future. The MBA had a project update meeting with the consultants on 17 November. The project is progressing well, and after the diagnostic…
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Global Minimum tax

Following a meeting of the National Tax Working Group on 29 October 2021 to take stock of latest international developments, a meeting of the MBA Tax Working Group was held in 10 November 2021 to discuss the impact on the banking sector. The major reform to the international tax system…
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Future of Banking

The MBA, and the Bank of Mauritius are working on a project called the Future of Banking in Mauritius, which aims to devise a strategic roadmap for the banking sector; building on the work of the 2018 Financial Sector Blueprint report. Financial Services consultancy firm Oliver Wyman was appointed in…
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Development of Capital Markets

The MBA, along with member banks, have been actively brainstorming and working with the bank of Mauritius during the month of October, to support the efficient functioning of the FX market. In parallel, the Capital Markets sub-committee has been continuing its work to help develop the secondary bond market in…
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Bank of Mauritius Climate Change Centre

On 14 October 2021, the Bank of Mauritius (Bom) launched its Climate Change Centre. The MBA participates in the BoM Task Force on Climate change, looking at reporting, risk management and financing of climate-related projects. BoM has organised 2 webinars on the subject, as well as the MBA, – on…
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Global Minimum Tax

Earlier this month, 136 jurisdictions out of the 140 members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting joined the “Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy”. This updates and finalises a major reform of the international…
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